Areva Development is an Egyptian real estate developer focused on mixed-use commercial, administrative, and medical projects in New Cairo. The company is best known for GLARE New Cairo on North 90th Street, a flagship project that reflects the wider investment background of Nozha Investment Group, whose activity in the Egyptian market dates back to 1986.
About Areva Development
Areva Development presents itself as a developer of residential, office, and medical spaces with an emphasis on innovative design, sustainable practices, quality, teamwork, and environmental awareness. According to the company’s official website, the investment group behind Areva has more than 39 years of experience in Egypt, with activity across real estate, education, agriculture, and information technology.
The company is led by Eng. Amr Yassin, Founder and CEO. His engineering background and the group’s diversified experience support Areva’s current direction: developing flexible real estate destinations that combine business, retail, and healthcare uses in high-demand urban locations.
Track Record Behind Areva
The broader group behind Areva has been active in several sectors. In real estate and hospitality, the official company profile refers to resorts and hotels activity since 1996, including a Ras Sudr development on around one million square meters with more than 3,000 touristic units, two hotels, and 500 hotel rooms. The group also highlights education activity since 1986 through two schools and more than 15,000 students, agriculture activity since 2004 across more than 850 acres, and IT activity since 2000.
This background positions Areva as a developer with access to long-running operational and investment experience rather than a single-project startup. That positioning is especially visible in GLARE New Cairo, which is designed as a multi-use destination instead of a conventional standalone mall.
Areva Development Projects
The main published project by Areva Development is GLARE Mall Fifth Settlement, officially presented as GLARE New Cairo. The project includes retail, office, and medical components, with dedicated concepts such as GLARE Retail Hub, GLARE Business Hub, and GLARE Health & Wellness Medical Hub.
GLARE is located on North 90th Street in New Cairo, close to the banking zone, medical cluster, Monorail station, Cairo Festival City, the American University in Cairo, and Cairo International Airport. Areva describes the development as a project on around 6,900 square meters of land, with 30% building footprint and 70% open areas, services, and landscaping. The project also includes a 2,500-square-meter indoor plaza, underground parking for around 500 cars, and electric vehicle charging stations.
In its June 2026 construction update, Areva stated that construction had crossed 50% and that handover is planned by 2028. The company also highlights fully finished administrative and medical units with central air conditioning, antibacterial paints, anti-slip flooring, double-glazed windows, digital screens, security, parking, Wi-Fi, prayer areas, and front desk services.
Awards and Recognition
GLARE New Cairo received recognition from the International Property Awards. According to Areva’s official announcement, the project achieved a five-star award for Best Mixed-Use Development in Egypt, won Sustainable Commercial Building in Egypt, and was nominated among the Best Mixed-Use Developments in the Middle East. Ahram Gate also reported the company’s announcement of three awards for the project.
Areva Development Headquarters and Contact Details
Areva lists its head office at Building 10, Al Moltaqa Al Araby Street, Sheraton Heliopolis. The company also lists sales offices in Sheraton and New Cairo, including Plot 158 on North 90th Street. The official hotline published by the company is 19030.
Why Investors Follow Areva Development
Areva attracts investor attention because it combines a strategic New Cairo location, a long-running investment background, and a flagship mixed-use project with retail, administrative, and medical spaces. Buyers should still verify current construction progress, payment plans, finishing specifications, operating terms, and delivery dates before making a purchase decision.
Areva Development FAQs
Who is the CEO of Areva Development?
Areva identifies Eng. Amr Yassin as the Founder and CEO of Areva Development.
What is Areva Development’s main project?
The main published project is GLARE New Cairo, also known on DeedGate as GLARE Mall Fifth Settlement, a mixed-use commercial, administrative, and medical project.
Where is GLARE New Cairo located?
GLARE New Cairo is located on North 90th Street in New Cairo, near the banking zone, medical cluster, and Monorail station.
Did GLARE receive any awards?
Yes. Areva announced that GLARE New Cairo received International Property Awards recognition, including a five-star award for Best Mixed-Use Development in Egypt and Sustainable Commercial Building in Egypt.